Ethereum ($ETH ) has recently experienced significant market volatility, leading to substantial liquidations of short positions.
In the past 24 hours, $ETH 's total liquidations amounted to approximately $36.7 million, with short positions accounting for $7.9 million.
Notably, a recent price surge beyond $3,224.61 led to the liquidation of a leveraged short position worth $150,000.
These liquidations reflect the heightened volatility in $ETH 's price, which has seen significant fluctuations in recent days.
Traders should exercise caution and consider the inherent risks associated with leveraged positions in such a volatile market environment.